Nearly Half of August Condo Sales on O'ahu Closed
Below $500,000
More than 1,200 listings remained available at that price point as the single-family median rose 12.2% on stronger sales above $1.3 million
HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, More than 1,300 O'ahu properties priced at $500,000 and below have sold during the first eight months of 2026, with buyers closing on 183 properties in that price range in August to bring the year-to-date total to 1,397 sales. At month's end, 1,232 active listings remained available in that price range. Through the first eight months of the year, 33% of all single-family home sales closed below $1 million, while 47% of condo sales closed below $500,000.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| AUGUST 2026 | 264 +1.9 | $1,240,000 +12.2% |
| AUGUST 2025 | 259 | $1,105,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| AUGUST 2026 | 365 -6.6% | $504,500 -1.0% |
| AUGUST 2025 | 391 | $515,000 |
O‘ahu single-family home sales rose 1.9% year-over-year in August to 264 transactions, while condo sales declined 6.6% to 365. Year-to-date, single-family home sales were up 5.9% compared to the same period last year, while condo sales were down 1.6%.
Single-family homes continued to move quickly in August, spending a median of 17 days on the market compared to 22 days a year ago, though slightly longer than during the previous three months. Condo median days on market also improved year-over-year, declining from 48 to 37 days. Sellers received a median of 100% of their original asking price for single-family homes, up from 98.8% a year ago. Fifty-one percent of single-family home sales closed at or above asking, with 33% closing above asking.
Condo sellers received a median of 97.1% of their original asking price, compared to 96.4% a year ago, though just 10% of condo transactions closed above the original asking price. Median sales prices were mixed in August, with the single-family home median rising 12.2% year-overyear. In contrast, the condo median dipped 1.0% to $510,000. Single-family home sales in the $1,300,000 to $1,499,999 price range saw the largest year-over-year increase, rising 74.1% from 27 to 47 transactions. Year-to-date, sales in that range were up 43.7%, from 197 to 283 transactions.
Active inventory held relatively steady for single-family homes, up 0.5% year-over-year to 794 listings, while condo active inventory rose 4.1% to 2,512 listings. New listings increased in both markets compared to last August, rising 14.5% year-over-year to 364 single-family homes and 6.4% to 684 condos. Single-family home pending sales declined 7.6% year-over-year to 279. Condo pending sales fell 3.2% to 393 overall, but contract signings increased notably in the $500,000 to $699,999 range (up 21.2%) and the $1,000,000 to $1,999,999 range (up 54.2%).
The information contained in this report is provided to the National Association of REALTORS® and the Hawaiʻi State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow.
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